HPI699 Capstone Project – Week 3 Reading- Assessing Your Strategic Environment

May 19th, 2015
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Grantham University
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Master’s in Performance Improvement - HPI699 Capstone Project – Week 3 Reading- Assessing Your Strategic Environment ** For those of you not wanting, or having the time to read the metric ton of required reading for this course, the following are a list of week 1 notes. All of these notes will be applicable to each of the weekly written assignments and final project. Required Readings that these notes pertain to Wallace, M. (2006, October). Assessing your strategic environment. Fire Engineering, 159(10), 77-85.

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Master's in Performance Improvement - HPI699 Capstone Project - Week 3 Reading- Assessing Your Strategic Environment ** For those of you not wanting, or having the time to read the metric ton of required reading for this course, the following are a list of week 1 notes. All of these notes will be applicable to each of the weekly written assignments and final project. Required Readings that these notes pertain to Wallace, M. (2006, October). Assessing your strategic environment. Fire Engineering, 159(10), 77-85.Beginning of Notes -Understanding how to apply principles of strategic planning to your organization will result in a refined and sometimes changed approach.-John Bryson defined strategic planning as "organized common sense" One of the key elements to organizational success is to effectively assess your working environment (pg.77)It is essential to understand the differences between organizational theories (for profit organizations) and not-for-profit organizationsDriving force of a for profit business is its internal environment Fundamental concept of any strategic planning process in the past involved conducting a SWOT analysis The problem with this process is that much of the information gathered within these five elements are not relevant to not-for-profit organizationsINTERNAL AND EXTERNAL COMPONENTS-Separating external and internal components, a more logic and useful system emerges (Pg.77) - External environment is evaluated by challenges and oppor

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